Consider the following summary of Sec. 1231 gains and losses recognized by Janet during the period 20122017.
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Sec. 1231 Gains Sec. 1231 Losses $ 9,000 20,000 12,000 9,000 25,000 10,000 $ 7,000 24,000 19,000 4,000 13,200 17,000 2012 2013 2014 2015 2016 2017
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2012 2000 NLTCG 2013 Zero 4000 ordinary loss 2014 Zero 7000 ordinary loss ...View the full answer
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Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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